New Changes Of The Cyprus Investment Programme
the Cyprus Investment Program. The new finalized document of the legislation is expected to be officially
published this week.
Below, you will find an outline of the amendments/additions that were voted:
required plus acquiring a residency of at least €500,000 plus VAT. In the case that the investment of
€2,000,000 is in residential property, then no additional residency is required to be purchased.
However, the investor is not allowed anymore to set up a land developing company as per of his/her
residency of at least €500,000 plus VAT for each side. The new amended regulation provide also the
option to acquire a combined property of at least €1,000,000 plus VAT for both applications.
of the investor and/or his/her company’s account.
apply, as long as he/she has given up his state office 12 months prior to the application date (instead
of 3 years)
clearly defined in the new regulations. An independent committee is to be formed in order to
examine such cases and provide opinions to the Council of Ministers.
based on the new regulations.
If you have any questions or you need any clarifications on the above please do not hesitate to